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SBA Loan Payments made by SBA - input field

DLP
Level 2

Is there an input field in Lacerte for the SBA loan payments made by the SBA?  My understanding is that this is treated similar to PPP and is tax-exempt debt forgiveness.  Or does it require manual entry to M-1/M-2?  Thanks

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IRonMaN
Level 15

It's the same.

ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)

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IRonMaN
Level 15

It's the same.

ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)

View solution in original post

rdccpa
Level 1

Is the SBA loan payments taxable to California just like the PPP forgiveness

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